Deposits of Individual Entrepreneurs in Ukrainian Banks Exceed UAH 150 Billion

As of March 1, 2025, IEPs account for 3.2% of total depositors, yet their share makes up 10.8% of all deposits. Below is a summary of the latest figures, including trends in Ukrainian currency and foreign currency deposits, as well as the distribution of deposits by type of banks and deposit sizes.

1. Key Figures and Growth Trends

1. UAH 150.4 Billion in IEP Deposits

   • The total funds of individual entrepreneurs in Ukrainian banks stand at UAH 150.4 billion.

   • This sum comprises 10.8% of the entire deposit volume belonging to individuals.

2. Overall Deposits

   • As of March 1, 2025, the total volume of individual deposits (including IEPs) in Ukrainian banks reached UAH 1,391.1 billion.

   • Deposit inflows in February 2025 amounted to UAH 12.7 billion.

3. Hryvnia vs. Foreign Currency

   • UAH 897.6 billion in local currency deposits (an increase of UAH 14.0 billion in February).

   • UAH 493.5 billion in foreign currency deposits (a decrease of UAH 1.2 billion in the same period).

2. Distribution by Deposit Size

1. Middle-Sized Deposits Dominate

   • The largest portion of deposits (57.36%) are in the UAH 10,000 – 200,000 range.

   • Only 0.53% of depositors keep more than UAH 600,000 in their accounts, although these largest deposits represent 49.15% of the total deposit volume.

2. Implications

   • This distribution shows that high-value accounts control nearly half of the deposits, while the majority of account holders maintain more modest savings levels.

3. Bank Types and Deposit Concentration

1. Banks with State Capital

   • 62.27% of all individual deposits are in banks with a state share.

   • The dominance of state-backed institutions highlights the confidence many depositors place in government-related banks.

2. Foreign Banking Groups

   • 17.46% of deposits are held in foreign banking groups operating in Ukraine.

3. Privately Owned Banks

   • 20.27% of deposits are concentrated in banks with private Ukrainian capital.

4. Analysis of February Trends

1. Hryvnia Balances Grow

   • Hryvnia funds in individual accounts increased by 2.3% in February, offsetting most of the seasonal outflows seen in January.

   • As of early March, total hryvnia customer funds in banks stand at UAH 1.9 trillion.

2. Business Account Trends

   • A similar uptick is noted in business accounts, indicating that both companies and individuals are steadily replenishing their deposits, reflecting economic resilience or slight seasonal corrections.

Conclusion

Individual entrepreneurs in Ukraine have surpassed UAH 150 billion in bank deposits, representing a substantial 10.8% of all deposits held by individuals. Overall, the country’s banks boast UAH 1,391.1 billion in individual deposits, with steady month-over-month growth in hryvnia balances. State-owned banks continue to hold the lion’s share of these funds, but private and foreign banks also retain meaningful segments of the market. As the Ukrainian economy navigates through seasonal and macroeconomic factors, the steady rise in IEP deposits underscores a confidence in the banking sector’s stability.